Vikram Pathak’s Post

View profile for Vikram Pathak, graphic

Strategy leadership | Business Strategy| Business Operations | Key Account Management | 30 Years Oil & Gas Experience in Bharat Petroleum at various Management Profiles | National Sales Head at Compac Industries Ltd

Strategy...... An Insight

View profile for Jeroen Kraaijenbrink, graphic
Jeroen Kraaijenbrink Jeroen Kraaijenbrink is an Influencer

Your strategy needs a strategy... did you know there are five different approaches to strategy that you can choose from? You should, especially the four non-traditional ones. These are the five approaches to strategy. Picking the right approach to strategy depends on three dimensions: Unpredictability: the extent to which it is possible to predict how things will unfold in the next couple of years. Malleability: the extent to which it is possible to influence the course in which things unfold in the next couple of years. Harshness: the extent to which keeping your organization going is difficult because of internal and external threats and pressures. Based on these three dimensions, the Boston Consulting Group (BCG) distinguishes five different strategies: 1. Classical Strategy Perception of context: Predictable, Unmalleable, Promising Mantra: Plan Typical activities: Analyze, plan, forecast, formulate Key success factor: Accuracy 2. Adaptive Strategy Perception of context: Unpredictable, Unmalleable, Promising Mantra: Adapt Typical activities: Experiment, monitor, iterate, adjust Key success factor: Flexibility 3. Visionary Strategy Perception of context: Predictable, Malleable, Promising Mantra: Build Typical activities: Envision, convince, build, persist  Key success factor: Power 4. Shaping Strategy Perception of context: Unpredictable, Malleable, Promising Mantra: Gather Typical activities: Collaborate, share, evolve, co-create  Key success factor: Connections 5. Renewal Strategy Perception of context: Harsh (the rest is no longer relevant) Mantra: Survive Typical activities: Scale down, focus, reset, preserve  Key success factor: Resilience Let this sink in a bit more and have a look at all five.  Then ask yourself the following questions: - How do you perceive the context you're in on the three dimensions? - Which of the five strategies would fit that context? - What does your current approach to strategy look like and does it fit? - What do you need to do differently? It's probably time for a change! ==== You know the Classical approach. Do you want to master the other approaches as well, then it may be time you join the Certified Strategy & Implementation Consultant (CSIC) program. Registration for our February 2025 cohort has opened this week. If you are an (aspiring) internal or external strategy consultant or want to expand your skills, check our website https://lnkd.in/eQYY8cFE for all information and registration. #strategyconsulting #resilience #businesscontinuity

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics